And there's something else going on, too – maybe even bigger – that I'll get to at the end of the article.

The most recent news? A bill that Chuck Schumer (D-NY) desperately wants to become law just missed being adopted under the auspices of Senate immigration legislation.

The name of the bill is the "Ex-PATRIOT Act" ... short for "Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy." Here's how our libertarian friend Wendy McElroy summed it up in a recent article: